Originally Posted by BizJetJock
The FAA have already ruled that for the purposes of this paragaph EASAland is one country.
BJJ - do you have a reference to that? Only I can provide one to suggest the polar opposite.
My understanding is that the holder of, say, a UK-issued EASA licence is able to operate an N-registered aircraft commercially within the UK subject to any regulations and conditions stipulated by that country. However they are
not able to fly said N-registered aircraft beyond the territorial borders of whichever country (or, precisely, whichever
contracting state, and EASA is not a contracting state) issued that licence.
I stress that this is only my understanding and I'm happy to be corrected with more recent evidence than I have.
My source:
the FAA albeit discussing the JAA rather than EASA, back in 2004.
My exposure? I fly an EU-based, N-registered aircraft for my day job. Admittedly, I am dual-rated, also holding appropriate FAA certificates, unlike some of my colleagues who operate the same aircraft domestically perfectly legally.